{"id":1951381,"date":"2014-03-25T10:26:34","date_gmt":"2014-03-25T04:56:34","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=1951381"},"modified":"2014-03-25T13:08:27","modified_gmt":"2014-03-25T07:38:27","slug":"flash-pmi-roundup-february-2014","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2014\/03\/25\/flash-pmi-roundup-february-2014\/","title":{"rendered":"Flash PMI Roundup: March 2014"},"content":{"rendered":"<p>Flash numbers came out yesterday, here&#8217;s a roundup.<\/p>\n<h3>US manufacturing output growth continues<\/h3>\n<p>Markit Flash U.S. Manufacturing Purchasing Managers&#8217; Index registered 55.5 in March, the second-highest since January 2013.<\/p>\n<p><a href=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/03\/US-Manufacturing-PMI.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1951391\" alt=\"US Manufacturing PMI\" src=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/03\/US-Manufacturing-PMI.png\" width=\"504\" height=\"397\" srcset=\"https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/03\/US-Manufacturing-PMI.png 504w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/03\/US-Manufacturing-PMI-300x236.png 300w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/03\/US-Manufacturing-PMI-380x300.png 380w\" sizes=\"auto, (max-width: 504px) 100vw, 504px\" \/><\/a><\/p>\n<h3>The Eurozone continued to grow<\/h3>\n<p>The flash estimate of the Markit Eurozone PMI Composite Output Index came in at 53.2, only slightly lower than February\u2019s 32-month high of 53.3 and registering expansion for the ninth consecutive month. The periphery is staging a robust-looking recovery.<\/p>\n<p><a href=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/03\/Eurozone-PMI.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1951401\" alt=\"Eurozone PMI\" src=\"http:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/03\/Eurozone-PMI.png\" width=\"501\" height=\"333\" srcset=\"https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/03\/Eurozone-PMI.png 501w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/03\/Eurozone-PMI-300x199.png 300w, https:\/\/portalvhds29z8xdrqhczq.blob.core.windows.net\/wordpress\/2014\/03\/Eurozone-PMI-451x300.png 451w\" sizes=\"auto, (max-width: 501px) 100vw, 501px\" \/><\/a><\/p>\n<h3>Germany grew at a robust pace<\/h3>\n<p>New export work placed at manufacturers rose for an eighth month running, with China, Spain and the US mentioned as sources of growth.<\/p>\n<h3>France returned to growth<\/h3>\n<p>The Markit Flash France Composite Output Index posted 51.6, up from 47.9 in February. That was the first reading above the 50.0 no-change threshold since last October.<\/p>\n<p>In the manufacturing sector, growth of new work picked up to a solid pace that was the sharpest in 34 months (partly boosted by a faster rise in new export orders).<\/p>\n<h3>Commentary<\/h3>\n<p>Eurozone unemployment remains stuck at a record high of 12%. Price measures continue to warn of deflation risk. Input prices \u2013 or the prices manufacturers pay for goods \u2013 have been dropping while output prices \u2013 or the prices they charge for what they sell \u2013 are contracting, as they have done for the past two years. (<a href=\"http:\/\/blogs.wsj.com\/moneybeat\/2014\/03\/24\/europes-picking-up-but-inflations-falling\/?mod=WSJBlog\" target=\"_blank\">WSJ<\/a>)<\/p>\n<p>Investors are walking farther along the risk curve, reaching for yield. Debt investors are abandoning normal creditor protections on European leveraged buyout loans. Growing volumes of euro-denominated \u201ccovenant light\u201d loans have now aroused the interest of European regulators, who are increasing their monitoring of lenders\u2019 behaviour. (<a href=\"http:\/\/www.ft.com\/cms\/s\/0\/9ad9d25a-af51-11e3-9cd1-00144feab7de.html#axzz2wwP3EPav\" target=\"_blank\">FT<\/a>)<\/p>\n<p>Germany is seeing its version of a real-estate boom, dubbed <em>betongold<\/em> or &#8220;concrete gold.&#8221; &#8220;People here don\u2019t want to own property. But they now feel they must because there\u2019s no interest on savings. All you can do is buy real or concrete gold.&#8221; (<a href=\"http:\/\/www.ft.com\/cms\/s\/0\/32ab16b4-b058-11e3-8058-00144feab7de.html#axzz2wwP3EPav\" target=\"_blank\">FT<\/a>)<\/p>\n<p>&nbsp;<\/p>\n<p>Source: <a href=\"http:\/\/www.markiteconomics.com\/Public\/Page.mvc\/home\" target=\"_blank\">Markit<\/a><\/p>\n<h6 class=\"zemanta-related-title\" style=\"font-size: 1em\">Related articles<\/h6>\n<ul class=\"zemanta-article-ul\">\n<li class=\"zemanta-article-ul-li\"><a href=\"http:\/\/stockviz.biz\/index.php\/2014\/01\/24\/a-re-balancing-china-is-good-for-india\/\">A Re-balancing China is Good for India<\/a> (stockviz.biz)<\/li>\n<li class=\"zemanta-article-ul-li\"><a href=\"http:\/\/stockviz.biz\/index.php\/2013\/04\/23\/bye-bye-austerity\/\">Bye Bye Austerity?<\/a> (stockviz.biz)<\/li>\n<\/ul>\n<div class=\"zemanta-pixie\" style=\"margin-top: 10px;height: 15px\"><img decoding=\"async\" class=\"zemanta-pixie-img\" style=\"border: none;float: right\" alt=\"\" src=\"http:\/\/img.zemanta.com\/pixy.gif?x-id=ad52e7f6-370b-4bde-abf3-e37976ee145b\" \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Flash numbers came out yesterday, here&#8217;s a roundup. US manufacturing output growth continues Markit Flash U.S. Manufacturing Purchasing Managers&#8217; Index registered 55.5 in March, the second-highest since January 2013. The Eurozone continued to grow The flash estimate of the Markit Eurozone PMI Composite Output Index came in at 53.2, only slightly lower than February\u2019s 32-month &hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1011],"class_list":["post-1951381","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-economy","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/1951381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=1951381"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/1951381\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=1951381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=1951381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=1951381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}